Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
ECB’s Schnabel says Germany’s top court ruling doesn’t directly affect us: FT
BERLIN (Reuters) - The German constitutional court's ruling against the European Central Bank's bond-buying scheme will not directly affect the ECB and will not lead to the Bundesbank having to exit t...
May 26, 2020
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector – sources
By Julie Zhu and Edward Taylor HONG KONG/FRANKFURT (Reuters) - Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the G...
May 26, 2020
Tesla to cut prices for some models in North America, China
BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, California, factory after the easin...
May 26, 2020
China’s GAC keeps target of 3% sales growth despite coronavirus pressure
BEIJING (Reuters) - Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3% in sales growth this year despite fallout from the coronavirus pandem...
May 26, 2020
Ford sets May 28 as provisional date for gradual restart of Mexican plant
MEXICO CITY (Reuters) - U.S. automaker Ford has set May 28 as a provisional date for the gradual restart of its plant in Hermosillo, Mexico, according to a letter to workers seen by Reuters. In mid-Ma...
May 26, 2020
Boeing set to announce significant U.S. job cuts this week: union
By David Shepardson WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees,...
May 26, 2020
China industrial firms’ April profits fall 4.3% year-on-year
BEIJING (Reuters) - Profits at China's industrial firms in April fell 4.3% year-on-year to 478.1 billion yuan ($67 billion), the statistics bureau said on Wednesday. The decline follows a 34.9% slump ...
May 26, 2020
Japan to compile $1.1 trillion second extra budget: draft
TOKYO (Reuters) - Japan's government will compile a second extra budget worth 117.1 trillion yen ($1.1 trillion) to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtai...
May 26, 2020
Dollar edges higher as U.S.-China worries resurface
By Stanley White TOKYO (Reuters) - The dollar edged higher on Wednesday as worries about the U.S. response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback....
May 26, 2020
HKEX signs licence deal with MSCI to launch Asia, EM futures and options contracts
(Reuters) - Hong Kong Exchanges and Clearing Ltd said on Wednesday it will launch Asia and Emerging Markets futures and options contracts under a licence deal with global index publisher MSCI , as the...
May 26, 2020
